When
Stockhouse Editorial last caught up with Vancouver, BC-based
Golden Arrow Resources Corp. (GRG) (
TSX-V.GRG,
OTC: GARWF,
Forum) in July 2020, readers and investors were introduced the a uniquely positioned, well financed, and firmly established South American gold and copper explorer…with multiple projects under its umbrella. Since then, the company has been busy drilling new targets…and…hitting high-grade intercepts.
And,
an extremely high-grade drill result is exactly what happened recently at its Tierra Dorada Gold Project in Paraguay. What has the Company, their shareholders, and investors excited is its eye-popping
143.5 g/t gold over 0.5 metres and within
6 metres averaging 14.53 g/t gold at 3 – 9 metres depth intercept at Tierra Dorada’s Alvaro area. This is GRG’s first induced polarization (IP) geophysical program at Tierra Dorada.
Drilling Campaign Highlights:
- 143.5 g/t gold over 0.5 metres, within 6m averaging 14.53 g/t gold at 3- 9m depth (DHTD18, Showing 1. See below)
- 11.8 g/t gold over 3.16 metres, within 7.75m averaging 6.09 g/t gold at 1.70 - 9.35m depth (DHTD35, Showing 2. See below)
- 4.2 km 2 IP survey covered Showings 1 - 4 and surroundings; multiple new targets identified, including:
- 1700 metres anomalous trend including Showing 1, open to the NE & SW; SW extent connects to broad higher chargeability anomaly
- A strong coincident chargeability and resistivity anomaly identified 250m SW of Showing 2
- And, a higher chargeability zone coincident with sub-outcrops of ferriferous gneiss northwest of Showing 3.
(Figure 1. Click image to enlarge)
(Figure 2. Click image to enlarge)
(Figure 3. Click image to enlarge)
Brian McEwen, Golden Arrow’s Vice President of Exploration and Development, commented on the completion of its shallow diamond drilling campaign at Tierra Dorada:
"The extensive soil and vegetation cover at Alvaro makes exploration challenging, so this shallow drill program was an excellent option to give us a better look at the subsurface than we were able to accomplish with prospecting or trenching. We are pleased with the results, which in some cases have confirmed continuity of gold mineralization and veins below surface and in others have shown broader veins than expected with higher grades than the surface sampling."
Golden Arrow Resources Corp: “Value from Success. Growth in Discovery.”
GRG is a well-positioned mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits. The Company is well-leveraged to the price of gold, having monetized its Chinchillas silver discovery into a significant holding in precious metals producer SSR Mining Inc.
Golden Arrow is currently exploring a vast portfolio on four separate South American mining fronts that include:
- a new epithermal gold project in Argentina
- the aforementioned Tierra Dorada Gold Project district-scale frontier gold opportunity in Paraguay
- a base-metal project in the heart of a leading mining district in Chile
- and more than 180,000 hectares of properties in Argentina.
The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993. The Grosso Group pioneered mining exploration in Argentina and has implemented an operations policy with its affiliated companies regarding environmental compliance and community relations.
The Grosso Group is proud of its flawless 28 year record of 100% acceptance from local government authorities and communities impacted by the activity of its affiliated companies.
Trading at $0.18 on the TSX Venture Exchange at press time, Golden Arrow Resources Corp. is an intriguing value proposition that investors should keep on their stock radar moving forward into 2021.
To find out more about GRG, please visit
goldenarrowresources.com
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.